This event launched new analysis from NIESR on the link between inequality and debt in the run up to the 2008/09 financial crisis. It considered the extent to which lower income households, who saw low income growth in the pre-crisis period, borrowed in order to sustain their consumption. It also considered whether, with credit conditions now constrained, broader based income growth could be important for boosting demand in the economy. The work has been carried out by NIESR and contributes to the Resolution Foundation Commission on Living Standards.
This event is the third in a series of Resolution Foundation debates exploring solutions to the current living standards crisis, ahead of the final report of the Commission on Living Standards, to be published this Autumn. Look out for an invitation to a further seminar on tax credits.